US farmer sentiment rebounds in July

The Purdue University/CME Group Ag Economy Barometer rose 13 points in July 2026 to 126, ending a three-month decline. The Current Conditions Index increased 20 points to 122, and the Future Expectations Index rose 11 points to 129. The Farm Capital Investment Index also ended a three-month decline, reaching 50. High input costs remained the top concern for 46% of producers, while 30% cited crop or livestock prices as the biggest long-term challenge. The survey, conducted among 405 farmers from July 13-17, also found that most growers expect cash rents to remain stable in 2027, and producers remain cautiously optimistic about agricultural exports. However, farmland value expectations declined, with the Short-Term Farmland Value Expectations Index falling 6 points to 118 and the long-term index down 14 points to 152.